＂Although hard facts are scarce, we estimate that only $10 or less in direct labor wages that go into an iPhone or iPad is paid to China workers. So while each unit sold in the U.S. adds from $229 to $275 to the U.S.-China trade deficit (the estimated factory costs4 of an iPhone or iPad), the portion retained in China's economy is a tiny fraction of that amount.＂

＂This study also confirms our earlier finding that trade statistics can mislead as much as inform.＂

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